DETERMINING THE LEVEL OF COMPETITIVENESS IN THE LABOR MARKET BY THE CRITERION OF MATERIAL INCENTIVES

Abstract

The article proposes to define competitiveness in the labor market as the ability to be attractive to the able-bodied person at the macro and micro levels and in the short and long term. The aim of the article is to study the competitiveness of the labor market from the standpoint of material incentives and the ability to compete in economic activities. A wide range of criteria characterizing competitiveness in the labor market has been established. It is proposed to outline the level of material incentives by the criterion of competitiveness. The latter should be understood as the correspondence of the growth rate of the average monthly wage to a similar indicator calculated on the basis of the minimum wage. It is proposed to determine the growth rate based on the calculation of earnings indices. Given the characteristics of competitiveness in the labor market in the short term, the calculation of indices should be carried out by the chain method. When considering the long-term perspective, indices are calculated by the basic method. When considering the long-term perspective, indices are calculated by the basic method. The indicator of the level of material incentives is determined by calculating the absolute deviation between the indices of average monthly and minimum wages. It is proposed to determine the study period within three years. The negative trend is considered to be a negative absolute deviation between the indices. In order to characterize the level of competitiveness in the labor market, a scale is proposed, the latter contains the levels: "sufficient", "satisfactory", "unsatisfactory" and "critical". Each level corresponds to a separate condition for the presence of positive and negative values of the absolute deviation between the indices.